Based on the company’s Article of Association, dividends may only be distributed in accordance with the company’s financial capability based on the decisions taken at the Annual General Meeting of Shareholders (AGMS). The Company will declare dividends with respect to:
- The operating income, cash flow, capital adequacy and the financial condition of the company and its subsidiaries with regard to reaching optimum growth in the future;
- The required fulfillment of reserve funds;
- The company and its subsidiaries’ obligations based on agreements with third parties (including creditors);
- Compliance with prevailing laws and regulations, as well as the AGMS approval.
The 2024 AGMS approved a total dividend payment of US$800 million, or equivalent to 48.74% of the 2023 net income attributable to the owners of the parent entity of the Company in the amount US$1,641,473,739. In December 2023, the BoD and BoC decided and approved to distribute interim dividend of US$400 million for the fiscal year 2023. The interim dividend was paid to the shareholders on January 12, 2024. The distribution of this interim dividend was reported to the AGMS in 2024.
Dividend Distributions Since IPO
|
Fiscal Year |
Net Income |
Total Dividend |
Dividend Per Share |
Dividend Payout Ratio |
|---|---|---|---|---|
|
2008 |
AS$ 79.784.047 |
AS$ 35.523.233 |
AS$ 0,00111 |
42,54% |
|
2009 |
AS$ 464.403.637 |
AS$ 102.951.487 |
AS$ 0,00322 |
21,24% |
|
2010 |
AS$ 245.365.981 |
AS$ 113.368.439 |
AS$ 0,00354 |
43,98% |
|
2011 |
AS$ 552.102.976 |
AS$ 259.086.293 |
AS$ 0,00810 |
47,08% |
|
2012 |
AS$ 385.347.573 |
AS$ 117.068.621 |
AS$ 0,00366 |
30,38% |
|
2013 |
AS$ 231.230.611 |
AS$ 75.167.011 |
AS$ 0,00235 |
32,51% |
|
2014 |
AS$ 178.161.857 |
AS$ 75.486.870 |
AS$ 0,00236 |
42,37% |
|
2015 |
AS$ 152.440.533 |
AS$ 75.486.870 |
AS$ 0,00236 |
49,52% |
|
2016 |
AS$ 334.623.054 |
AS$ 101.075.640 |
AS$ 0,00316 |
30,21% |
|
2017 |
AS$ 483.297.251 |
AS$ 250.130.223 |
AS$ 0,00782 |
51,75% |
|
2018 |
AS$ 417.720.357 |
AS$ 200.232.122 |
AS$ 0,00626 |
47,93% |
|
2019 |
AS$ 404.191.605 |
AS$ 250.130.223 |
AS$ 0,00782 |
61,88% |
|
2020 |
AS$ 146.926.387 |
AS$ 146.815.566 |
AS$ 0,00459 |
99,92% |
|
2021 |
AS$ 933.493.038 |
AS$ 650.000.000 |
AS$ 0,0209 |
69.63% |
|
2022 |
AS$ 2.493.079.498 |
AS$ 1.000.000.000 |
AS$ 0.03126 |
40,00% |
|
2023 |
AS$ 1.641.435.739 |
AS$ 800.000.000 |
AS$ 0,01300 |
48,74% |
*Interim dividend FY2023